2024-01-10 10:16:23 am | Source: Accord Fintech
Commerce ministry sets up task force to resolve trade barriers for exporters
With an aim to provide greater market access to domestic goods, the commerce ministry has set up a task force to identify and resolve trade barriers being faced by exporters in other countries.
The development assumes significance as many times India's exports suffer from these barriers such as time taking prior registration requirements and unreasonable domestic standards/rules in many countries.
The ministry is also looking at improving mutual recognition agreements (MRAs) with different countries so that product standards are as per the requirements of the importing countries. Standards for goods and services should help in promoting global trade and not act as non-tariff barriers.
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